FormerXBC Inc XEBEQ

Proof that analysts are reactive

[tamaracktop]

When Xebec was in freefall, which it arguably no longer is, and when it first got down to the mid $3's, all the analyst revised their targets downwards.
They rated Xebec a "hold".

Xebec is now $2.40, and the avearge target of all analysts covering the stock is now $4.51.
Raymong James' analyst has the chesticles to maintain his target at $5.

Incidentally, Raymond James' research is top-rated in the US.

If any of these analysts were proactive, at least some of them would upgrade their opinions to "Buy", now that the stock is in the low $2's.

After all, the return on investment from here to the average target is 84%.

But they don't revise their recommendation, because they're human, and they're as scared of being wrong and sticking their necks out as anyone.

They'll just wait till Xebec is comfortably above $4 till they revise their targets once again.
You'll see.

Somebody asked if there were any predictions for today.

I don't have one, but I predict Xebec shareholders will feel a whole lot better and be much happier within a few short weeks.

1.2 times book is ridiculous.

I challenge anyone here to find a stock trading below book value.

[savyinvestor333]

Take a look at MCR I used to own oy and it has traded below book value for years

[Gann999]

ncu also trading way below book value but it's in massive amount of debt so that's why. I can't see a reason why xebec should trade at or below book value.

[tamaracktop]

I've kept my eye on NCU for a few years now. I keep my attention on many stocks. Nevada Copper did a reverse split. It's gone from 31 1/2 cents to 5 1/2 cents since then. It's a producer, but it's balance sheet is very weak. It is forbidden ground.

[Gann999]

I would agree even though I own some. Only hope is it gets bought out by someone who actually knows how to run a mine and isn't cash strapped. I only mentioned it because there are stocks that trade below book value and it's for a reason and usually not a good one.